Nonprofit · EIN 88-3167810
MARK J PALERMO FOUNDATION
Tax-exempt · ERDENHEIM, PA 19038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $3,508 | -$3,508 | $1,796 | $836 | $960 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,182
- Management and general (functional)
- $3,508
Balance sheet and other
- Total assets, start of year
- $5,304
- Total assets, end of year
- $1,796
- Total liabilities, end of year
- $836
- Net assets, end of year
- $960
- Net assets without donor restrictions
- $960
- Gross receipts
- $0
- Employees
- 0
- Year formed
- 2022
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANNE PALERMO | DIRECTOR Trustee or director, Officer | – | $0 |
| MARK FRANCIS PALERMO | DIRECTOR Trustee or director | – | $0 |
| NICHOLAS JOHN PALERMO | DIRECTOR Trustee or director | – | $0 |
| GIOVANNA PALERMO TYE | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 121 ATWOOD RD, ERDENHEIM, PA 19038-7301
- In care of
- % JOANNE PALERMO
- Principal officer (990 for 2024)
- JOANNE PALERMO, 121 ATWOOD RD, ERDENHEIM, PA 19038
- Signed the 990
- JOANNE PALERMO, DIRECTOR
- Phone
- (215) 816-1442
- Return prepared by
- SWS GROUP PC
Mission
THE FOUNDATION WAS ESTABLISHED TO HELP PROVIDE ACCESS TO MENTAL HEALTHCARE FOR THOSE WHO CANNOT AFFORD IT.
Program accomplishments
- DONATIONS TO MENTAL HEALTH FACILITIES.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-3167810
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Mental health and crisis intervention (F12)
- Assets (IRS master file)
- $1,796
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $25,929 | $41,300 | $5,304 | IRS |
| 990 | December 2022 | $60,944 | $41,105 | $20,675 | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about MARK J PALERMO FOUNDATION
- What is the EIN of MARK J PALERMO FOUNDATION?
- The employer identification number (EIN) of MARK J PALERMO FOUNDATION is 88-3167810.
- Is MARK J PALERMO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MARK J PALERMO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MARK J PALERMO FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MARK J PALERMO FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARK J PALERMO FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MARK J PALERMO FOUNDATION?
- The 990 for the year ended December 31, 2024 names JOANNE PALERMO.
- Who are the officers and directors of MARK J PALERMO FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does MARK J PALERMO FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $3,508 and total assets of $1,796 at year end.
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All nonprofits in ERDENHEIM · Pennsylvania · Mental health and crisis intervention